India, Maldives Sign 13 MoUs for Ferry Projects
ECONOMY & POLICY

India, Maldives Sign 13 MoUs for Ferry Projects

India has signed 13 Memoranda of Understanding (MoUs) with the Maldives under a grant of MVR 100 million (approximately Rs 552.8 million) to enhance ferry services and strengthen maritime connectivity in the island nation.

The agreements, signed on 18 May 2025 at the Maldivian Ministry of Foreign Affairs, mark the launch of Phase III of the High Impact Community Development Project (HICDP) — a flagship initiative of India’s grant assistance programme aimed at uplifting community infrastructure and livelihoods.

The MoUs were formalised by Abdulla Khaleel, Minister of Foreign Affairs of the Maldives, Indian High Commissioner G Balasubramanian, and Minister of Transport and Civil Aviation Mohamed Ameen, who signed on behalf of the implementing agency.

The new projects will support the development of a nationwide high-speed ferry network that already connects 81 islands across nine atolls. Minister Ameen stated that the completion timeline, initially set for 2027, is now expected to be advanced to the end of this year.

Mr Khaleel highlighted that India's assistance has consistently aligned with the needs of the Maldivian people, and these new projects go beyond physical infrastructure. “They are lifelines for communities, solving local challenges, and driving socio-economic growth,” he said.

The Indian High Commission in the Maldives also noted that these projects will reinforce regional connectivity, which is vital to daily life in the archipelago.

The announcement of Phase III of the HICDP was made during Maldivian President Dr Mohamed Muizzu’s state visit to India in October 2024. The latest agreements reflect the deepening ties between the two nations and India’s continued commitment to supporting development in the Maldives.


India has signed 13 Memoranda of Understanding (MoUs) with the Maldives under a grant of MVR 100 million (approximately Rs 552.8 million) to enhance ferry services and strengthen maritime connectivity in the island nation.The agreements, signed on 18 May 2025 at the Maldivian Ministry of Foreign Affairs, mark the launch of Phase III of the High Impact Community Development Project (HICDP) — a flagship initiative of India’s grant assistance programme aimed at uplifting community infrastructure and livelihoods.The MoUs were formalised by Abdulla Khaleel, Minister of Foreign Affairs of the Maldives, Indian High Commissioner G Balasubramanian, and Minister of Transport and Civil Aviation Mohamed Ameen, who signed on behalf of the implementing agency.The new projects will support the development of a nationwide high-speed ferry network that already connects 81 islands across nine atolls. Minister Ameen stated that the completion timeline, initially set for 2027, is now expected to be advanced to the end of this year.Mr Khaleel highlighted that India's assistance has consistently aligned with the needs of the Maldivian people, and these new projects go beyond physical infrastructure. “They are lifelines for communities, solving local challenges, and driving socio-economic growth,” he said.The Indian High Commission in the Maldives also noted that these projects will reinforce regional connectivity, which is vital to daily life in the archipelago.The announcement of Phase III of the HICDP was made during Maldivian President Dr Mohamed Muizzu’s state visit to India in October 2024. The latest agreements reflect the deepening ties between the two nations and India’s continued commitment to supporting development in the Maldives.

Next Story
Infrastructure Urban

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

Next Story
Infrastructure Transport

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Next Story
Infrastructure Urban

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App